Ethereum for Road Junction: Momentum Don Go Down As Key Price Levels Go Tell Wetin Go Happen Next
Ethereum (ETH) show power, hold ground well above $1,780 afta e just rise over 10%. But technical people wey check am now say di power of di go-up trend dey reduce. Di Average Directional Index (ADX) fall sharply from 39 go 24.91, wey show say di trend no get power like before, while di Directional Movement Index (DMI) show say pipo no dey rush buy am like before (+DI) and pipo wey wan sell am dey increase (-DI). Di price get strong barrier for $1,850 and $1,828; if e fit pass dis levels, e fit ginger am go up reach $1,920 and maybe $2,320. But if e no fit break $1,828 or e fall pass di main support levels for $1,780, $1,749, or $1,689, e fit cause big correction. Di hourly MACD and RSI been show say di go-up power dey before, but di latest signs dey tell pipo make dem careful. Traders suppose watch di price movement well well around di levels wey dem point out, set stop-losses, and adjust risk becos di market mood fit change fast fast. For general, Ethereum dey for one important point, and where e go for short term depend on if e fit break di main technical barriers and how di market mood change.
Neutral
Di tori sey even as Ethereum make good money recently and hold ground for key support levels, technical momentum indicators (like ADX, DMI, MACD, RSI) dey show now sey the bullish feeling fit slow down small. Di tins dey balanced: if e break pass major resistance well, e fit start going up sharp sharp again, but if e no fit or e fall below support, e fit come down plenty. With di signal dem wey no agree and di price wey dey for one corner wey too vital, di view just dey neutral for now – traders suppose open eye watch wetin price dey do and ready for anything wey fit happen as market dey wait to see where di next trend dey go.